All Forum Posts by: Nicholas Seaver

@Caleb Heimsoth this rate seems to be comparable with a lot of professional attorneys/CPAs. I happily pay the fees for professional and relevant advice that (1) protects me as I grow, and (2) enables me to expand rapidly. I take the approach that I should seek counsel, and develop a strategy and entity structure while small and growing, so I don't have a ton of fees to restructure later. It's my personal believe that developing a solid understanding and executions of the aspects of asset protection and tax filing is important at all levels of experience. 

@John Fish great tip. Thank you! 

@Christopher Smith It appears I am looking for something mid-range compared to the two examples you've provided. Thanks for the tip. Happy Holidays. 

Bob Norton

@Bob Norton Thank you sir! Yes, that is exactly what I am looking for. 

I will take some time this week and take your advice. Thank you, and Happy Holidays! 

@Eric M.  Thanks for taking the time to reply here. Addressing your question, I do not seek free advice from professionals (except maybe on these forums haha), and pay for consultation sessions with both my attorneys and CPAs. The disparity between how much I am shelling out vs the return value is the catalyst for this post. 

 I agree with you 100%, finding a CPA that can help with end of year taxes is easy work, its the strategic advice and entrepreneurial focus that I am missing currently.

Wow look at that timing!! I will reach out to the people you recommended. Thank you and Happy Holidays! 

@Brian Boyd Thank you for your message. It is encouraging to remember that this is all apart of the process, and that my frustrations are just a necessary part of the journey towards developing a high functioning team. I am fortunate to have found a great bookkeeper, which is a blessing. 

My CPA is a great regarding filing at years close and finding the tax savings, it only the strategic, and forward looking portion that I am missing. 

I am glad to hear that you have your team and are doing so well! It's also encouraging to know that tax attorneys are in the RE investing game as well!!

Happy Holidays man! 

@Bill Hampton I am currently working with a CPA remotely, however I did originally find them in my local area. I agree with you completely, we should be encouraged to the best possible partners, regardless of location. :)

@Michael Plaks Thanks for the tip! I will do that this week! I took the week off from work to visit with family for the holidays.  Thank you and Happy Holidays to you and yours! 

The hunt for unicorns continue.. 

It seems one of the hardest parts of being a RE investor and entrepreneur is finding trusted council. Finding a person/company/firm that can be dual hatted as both a (1) Strategist and (2) Tactician (able execute the strategy) seem unattainable. 

Reason for Post: I am in search of any advice in finding, or recommendations for hiring an attorney and tax strategist & tactician who will serve as a strategic partner for my activities as a RE investor and entrepreneur. Someone who has the bandwidth to understand my intent and provide guidance PRIOR TO and during my execution of deals. Thus far I have only been able to find people who provide a backwards analysis approach. This is no longer suitable. 

Background: I have only been a RE investor for two years (NEWBIE!) however my activities and growth during this time has been out of the norm. While part-time, I have executed several RE transactions in multiples states with various partners and deal structures. I have begun generating enough income through RE transactions and entrepreneurial activities to quit my job and begin my pursuit as a RE investor full time. I will quit my job mid-2021 and refuse to get another job! True financial independence is my goal, and I will no longer trade my time for a wage.  I am in need of strategic, forward thinking, legal and tax counsel to prepare me for this, and guide me in my new self-generating income lifestyle.

My Pain Point: In my experience (admittedly as limited as it is) most Attorneys & CPAs are not forward thinking. Instead they prefer I conduct my business, and then provide analysis after-the-fact, and identify better strategies that could have been utilized. This backward perspective DOES NOT work for my intent, and I am no longer interested in working with attorneys/CPAs that have this mindset or approach. I have spend $10k of dollars in consultations and my CPA was "surprised at my growth and caught off guard at how much I had accomplished"... I consider this an epic fail. 

Does anyone else have these issues? or am I looking in the wrong places?

Any and all recommendations welcomed! Also feel free to share similar stories....sometime I feel I am going crazy. Knowing I am not alone may help. How can my (seemingly) simple request go unfulfilled? Or maybe my expectation are too high?? 

Cheers. 

@Rick Pozos I agree with what @Ronald 

@Ronald Rohde said. Also I have a new partner on a property and will need an entity established.